Monthly Archives: August 2021

Breaking: BSV reportedly suffers ‘massive’ 51% attack

“After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46 am and attackers are succeeding,” said Lucas Nuzzi of Coin Metrics, referring to the Bitcoin SV chain. Bitcoin SV (BSV) has reportedly suffered a “massive” 51% attack beginning around 11:45 am Tuesday, resulting in up to three versions of the chain being mined simultaneously. Analytics provider Coin Metrics confirmed Tuesday afternoon that its FARUM risk management platform had identified the 51% attack. FARUM has identified a 51% attack today on the BSV network […]

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Bitcoin and Submarine Sandwiches: Quiznos Restaurant to Pilot Payments via the Bakkt App

On Tuesday, Bakkt Holdings revealed a partnership between the national quick-service restaurant (QSR) Quiznos. The company Quiznos is a brand based in Denver, Colorado, and the restaurants specialize in offering submarine sandwiches. According to the announcement, Bakkt and a Quiznos location in Denver will be launching a pilot that allows customers to purchase food with bitcoin by leveraging the Bakkt application. Denver Airport’s Quiznos Plans to Pilot Payments via the Bakkt App in Mid-August Bakkt has revealed that it is collaborating with the company Quiznos and plans […]

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Ethereum’s London hard fork expected to arrive on Thursday, ushering in EIP-1559

Think Ethereum is going to morph into a deflationary asset over night? Not so fast! Ethereum’s London upgrade is set to activate on Thursday, according to the countdown available on Ethereum.org. “The London upgrade is scheduled to go live on Ethereum in August 2021, on block 12,965,000,” Ethereum.org reads. “It will introduce EIP-1559, which reforms the transaction fee market, along with changes to how gas refunds are handled and the Ice Age schedule.” Ethereum Improvement Proposal 1559, or EIP-1559, will directly affect how the network handles transaction […]

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Terra (LUNA) price rallies 162% while Bitcoin and altcoin prices drop

Steady fundamentals and rising demand for UST and LUNA are just a few of the reasons why the altcoin has gained 162% in the past two weeks. Bitcoin (BTC) price appears to have faked out investors with its move to $42,000 last week and while the digital asset struggles to hold above $38,000, altcoins with strong fundamentals and real-world applications are gaining momentum.  Terra (LUNA), a blockchain protocol that backs the fiat-pegged TerraUSD (UST) stablecoin, is one such project that has managed to buck Bitcoin’s downtrend and climb […]

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Ergo (ERG) Token Is Now Listed on Bitcoin.com Exchange

PRESS RELEASE. Bitcoin.com Exchange is ecstatic to announce the listing of ERG, being available to trade on the 3rd August 2021 at 10:00AM UTC. Ergo was created by its team to build advanced cryptographic features and radically new DeFi functionality on the rock-solid foundations laid by a decade of blockchain theory and development. ERG will start trading with BTC and USDT pairs. What is Ergo? Ergo is designed for developing decentralized applications with the main focus of providing an efficient, secure and easy way to implement financial […]

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LocalBitcoins Cuts Deposit, Transaction Fees Between Wallets In Platform To Zero

Person-to-person bitcoin exchange LocalBitcoins has announced it has cut down some fees on the platform to zero. Bitcoin exchange LocalBitcoins has announced that deposit fees and transaction fees between wallets in the platform are now free. Launched in 2012, the platform doesn’t touch fiat currency itself; users can transact with each other leveraging the platform that only intermediates the process – introducing sellers to interested buyers. Initially, LocalBitcoins became very popular because the platform was more lenient on identity-verification procedures since it doesn’t transfer money itself. Users […]

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Why Bitcoin Is Intelligent With Aleks Svetski

Aleks Svetski discussed his “Intelligent Guide To Bitcoin” and the misunderstandings about BTC that are often perpetuated. Watch This Episode On YouTube Listen To This Episode: BitcoinTV Apple Spotify Google Libsyn Overcast Many in the traditional financial space, government and academia have long dismissed Bitcoin as a silly toy for criminals and predicted that its price will go to zero. These predictions remain commonplace in the mainstream media to this day, despite the network’s astounding growth and the currency blasting past $30,000 prices and making inroads across […]

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SEC Chairman Draws Dividing Line Between Bitcoin, Crypto in Aspen Speech

Incoming SEC Chairman Gary Gensler issued new comments about Bitcoin Tuesday, at times drawing a dividing line between the market’s largest cryptocurrency and imitators. In a speech at the Aspen Security Forum Tuesday, incoming SEC Chairman Gary Gensler issued new comments about Bitcoin, at times drawing a dividing line between the market’s largest cryptocurrency and its wide field of imitators. Of note is that Gensler took pains to establish credibility with the Bitcoin sector, recounting the history of the cypherpunk mailing list, citing Satoshi Nakamoto’s email announcing the […]

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‘Nakamoto’s innovation is real,’ says SEC Chair Gary Gensler

Gary Gensler describes Satoshi Nakamoto as an important innovator in cryptography and that their “innovation spurred the development of crypto assets and the underlying blockchain technology.” Gary Gensler, the Chair of the United States Securities and Exchange Commission, or SEC, believes that the blockchain revolution started by Satoshi Nakamoto in 2008 is more than just a fad, but a real value proposition for the future of the internet.  In an interview with the Aspen Security Forum on Tuesday, Gesler talked about his role at the Massachusetts Institute […]

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HSBC Becomes Latest Bank to Suspend Payments to Crypto Exchange Binance in UK

HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this decision due to concerns about the possible risks to you.” ‘We’re Suspending Payments to Binance,’ Said HSBC British bank HSBC has reportedly become the latest bank to suspend payments to global cryptocurrency exchange Binance. Several people have shared on Twitter a notice they claim to have […]

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